Does "Household Income" on credit card applications include parents income?

Jakg

Living with my parents, just wondering if under the "household income" section I should put my income or my parents + mine.

chattychappy

I would - you are all part of the same household. Obviously putting a higher income increases your chances of getting accepted/having a better limit.

My only slight concern would be if you are also applying for other cards at the same time and the question is posed such that you have to exclude their income on other applications made at the same time. Though it shouldn't be a problem, "National Hunter" (google to find more info) might not appreciate the subtitle distinction and take exception to the varying reported income.

Evilm

I would actually say that Household income only covers what funds are available to you not every single person living in the house. Therefore a wife/girlfriend (if lives with you) would count and parents wouldn't.

callum9999

Evilm wrote: »

I would actually say that Household income only covers what funds are available to you not every single person living in the house. Therefore a wife/girlfriend (if lives with you) would count and parents wouldn't.

That's probably the intention, but unless any further explanation is given at the time "household income", by definition, is any income going into the house. So you could legitimately add your parents income in.

chattychappy

callum9999 wrote: »

That's probably the intention, but unless any further explanation is given at the time "household income", by definition, is any income going into the house. So you could legitimately add your parents income in.

Yes agree with this. In fact it may well be the intention to collect the data for whole household income and then weight it accordingly or even disregard the answer for "with parents" applicants. Either way I can't see any reason to second-guess the purpose of the question and substitute an alternative interpretation. Afterall, a married person might say that not all of their funds are available to their spouse.